Portugal Cold Chain Market is expected to generate ~EUR 140.0 Mn by 2026F owing to Growing Demand by End Users and Technology Upgradation: Ken Research

Gradual Rise in Exports: Many cold chain operators are expected to expand their operations and new players are expected to enter the market and establish many new cold storage warehouses to cater to the large and rising demand for frozen and chilled storage, providing a significant boost to the Portugal cold storage industry. In past, Portugal's exports were low due to competition from Spain and Italy, hence the majority of the revenue from the cold transportation industry is generated from domestic demand. A gradual rise in exports is expected as Portuguese companies are slowly getting global partners, hence driving the growth of the cold transportation market.

Portugal, 13/12/2022 (informazione.news - comunicati stampa - trasporti)

: Many cold chain operators are expected to expand their operations and new players are expected to enter the market and establish many new cold storage warehouses to cater to the large and rising demand for frozen and chilled storage, providing a significant boost to the Portugal cold storage industry. In past, Portugal's exports were low due to competition from Spain and Italy , hence the majority of the revenue from the cold transportation industry is generated from domestic demand. A gradual rise in exports is expected as Portuguese companies are slowly getting global partners, hence driving the growth of the cold transportation market.

Technological advancement is expected to play a major role and new facilities are being built to improve the efficiency of food supply storage and distribution. Drones will soon be used by several warehouses to track their inventories. In the future, the Internet of Things may assist warehouses in lowering risk and avoiding mistakes or accidents that could result in supply chain losses.

Analysts at Ken Research in their latest publication  observed that the Cold Chain market is an emerging market in Portugal at a rebounding stage from the economic crisis after the pandemic. The rising government policies and demand for Cold Chain, rising domestic consumption of fish and other seafood, meat, and frozen foods along with government initiatives are expected to contribute to the market growth over the forecast period. The Portugal cold Chain market is expected to grow at a 5.6% CAGR during 2021-2026F owing to the change in lifestyle and urbanization which led to rising domestic consumption of processed food.

Philippines cold chain market was evaluated to grow at a double-digit CAGR during 2016-2021.The market is currently in the growth stage owing to rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector. Correspondingly, the Philippines Cold Chain Industry Ecosystem is driven by large scale 3PL companies with Real Estate companies investing in Logistics companies. The cold chain providers have high occupancy rate with Royal cargo and Jentec cold storage are having the highest number of total pallet positions in 2021.

The cold chain market in Qatar is at the growth stage. It has established its position as an important import hub for the GCC countries (after UAE). Most of the goods are transported to the GCC countries after reaching Qatar . The high dependence of the country on imports to meet its food requirements has decreased over the past years and has necessitated the development of cold chain facilities to store domestically produced perishable products. In the review period 2016-2021P, the Qatar cold chain market has increased at a positive CAGR of 5.8% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, dairy market, and the growing pharmaceuticals industry.

The cold chain market in Malaysia is at the growth stage. There are not many providers that offer cold chain service for the Malaysian market and it is considered a niche market. Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. In the review period 2016-2021P, the Malaysia cold chain market has increased at a positive CAGR of 6.9% primarily due to substantial government investments in the freight industry and increase in retail and consumer spending especially in meat and seafood, fruits/vegetables market, and the growing pharmaceuticals industry.

The cold storage market is segmented by Temperature Range, Automation, End User, and demand from major cities and by major companies (market share of major players). The cold transport market is divided by Truck Type, Mode of Transportation, Location and Vicinity, End User; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

 

Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth

+91-9015378249

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